Further pressure applied for more Greek austerity

Further pressure applied for more Greek austerity

Under strong pressure from the European Commission and Paris, where German Chancellor Angela Merkel met French President Nicolas Sarkozy on 6 February, the Greek political leadership has been called on to conclude the terms for a two-fold agreement to save the country from total financial collapse in mid-March, when a €14.4 billion bond will mature.

Athens will be unable to honour this debt without the EU-ECB-IMF troika's help and will go bankrupt, probably taking more Eurozone m...

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